Commerce Bank raised its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 49.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,128 shares of the coffee company’s stock after acquiring an additional 40,597 shares during the quarter. Commerce Bank’s holdings in Starbucks Corporation were worth $7,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SBUX. Jacobi Capital Management LLC boosted its stake in shares of Starbucks Corporation by 2.7% during the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after acquiring an additional 50 shares during the last quarter. Gradient Investments LLC raised its position in shares of Starbucks Corporation by 2.5% during the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after purchasing an additional 46 shares during the period. Sharkey Howes & Javer raised its position in shares of Starbucks Corporation by 8.5% during the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after purchasing an additional 150 shares during the period. IHT Wealth Management LLC raised its position in shares of Starbucks Corporation by 10.2% during the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after purchasing an additional 187 shares during the period. Finally, TrimTabs Asset Management LLC bought a new stake in shares of Starbucks Corporation during the 1st quarter valued at $122,000. Institutional investors and hedge funds own 70.87% of the company’s stock.

Starbucks Corporation (NASDAQ SBUX) opened at $56.03 on Friday. The company has a market capitalization of $79,226.79, a P/E ratio of 26.51, a P/E/G ratio of 1.36 and a beta of 0.72. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 52.65%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the business posted $0.56 EPS. Starbucks Corporation’s revenue for the quarter was down .2% compared to the same quarter last year. equities analysts expect that Starbucks Corporation will post 2.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. This is a positive change from Starbucks Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. Starbucks Corporation’s dividend payout ratio is presently 50.76%.

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In other Starbucks Corporation news, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the transaction, the director now owns 36,966 shares in the company, valued at approximately $1,974,354.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Culver sold 64,776 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the transaction, the insider now owns 390,341 shares in the company, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several analysts have recently commented on the stock. Nomura decreased their price objective on shares of Starbucks Corporation from $67.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird decreased their price objective on shares of Starbucks Corporation from $70.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday. Credit Suisse Group decreased their price objective on shares of Starbucks Corporation from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group AG (USA) decreased their price objective on shares of Starbucks Corporation from $67.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on shares of Starbucks Corporation from $56.00 to $52.00 and set a “market perform” rating on the stock in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $63.20.

Starbucks Corporation Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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